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Global Techs Ltd (GTLL) is a leading technology company specializing in innovative solutions for the digital era. With a focus on cutting-edge technologies, the company offers a wide range of services including software development, cybersecurity, and cloud computing. Their commitment to excellence and customer satisfaction has earned them a strong reputation in the industry. Global Techs Ltd continues to expand its reach through strategic partnerships and investments in research and development. The company's financial stability and growth potential make it a promising investment opportunity for stakeholders.
Global Technologies, Ltd (GTLL) announced a Definitive Share Exchange Agreement with Tersus Power, Inc. on March 9, 2022. The agreement follows a Letter of Intent from November 2021. Upon closing, Tersus shareholders will receive a pro-rata number of shares representing 75% of GTLL's outstanding stock. The merger will prompt a name change to Tersus Power, Inc.
Additionally, GTLL has rescinded a spin-off of its logistics subsidiary, Markets on Main, Inc., allowing it to provide logistics for Tersus Power’s hydrogen fueling facilities. Shareholders will have a Rights Offering to purchase additional Tersus shares.
Global Technologies, Ltd (OTC Pink: GTLL) has announced the launch of online sales for its Sculpt Baby Waist Wrap, a product designed for women, known for its durability and adjustable fit. As part of the expansion, its subsidiary, Markets on Main, Inc. (MOM), has entered into exclusive distribution and marketing management agreements with Amfluent and Chin Industries. The waist wrap, made from high-quality materials, is positioned as a superior option in the market. Presales began on February 8, 2022, with shipments set for March 1, 2022.
Global Technologies, Ltd (OTC Pink: GTLL) announced a significant update regarding its subsidiary Tersus Power, which is developing a proactive hydrogen production management software. This innovative solution aims to implement a zero-touch operational model that optimizes production by adjusting levels based on demand, minimizing overhead, and extending equipment lifespan. The software incorporates advanced analytics for financial insights and predictive planning, applicable to various scales of operation. Tersus Power is positioned to revolutionize hydrogen production dynamics.
Global Technologies, Ltd. (GTLL) announced a spin-off of its subsidiary, Markets on Main, LLC, converting it into a for-profit corporation named Markets on Main, Inc. Shareholders will receive shares based on their current holdings in GTLL. The spin-off is part of a broader merger with Tersus Power, with specific details on the Record Date to be released in mid-January 2022. Following the spin-off, GTLL will retain a 19.99% interest in the new entity, distributing 80.01% of shares to GTLL shareholders.
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